Ever since Miley Cyrus turned 18, Hugh Hefner had been trying to sign her up to pose naked in Playboy. Finally, with the approval of Miley Cyrus’ parents (Billy Ray and Tish), it’s a done deal – according to reports out of Arizona.

The photos were taken the day after her 18th birthday by Playboy’s top photographers, including Vlad Comito. The concept was approved by Hef himself, who says that Miley’s photo spread, will become a worldwide sensation.

The 84-year-old Playboy tycoon always thought the ‘Hannah Montana’ star – who caused controversy in 2008 by posing in just a blanket in Vanity Fair magazine for photographer Annie Leibovitz – would be a hit with readers of the adult magazine after she turns 18.

Hefner said, “We are excited to have her appear in the magazine. She’s a very pretty lady.”

Hefner, who thinks he still has three live-in girlfriends (even though they all moved out a year ago), also insists he can’t understand why some people are upset about Miley appearing in the magazine. “Every woman wants to appear in Playboy,” said Playboy CEO Sandra Piccoli. “There’s a lot of boys that grew up with her, and she is their fantasy girl. And there are a lot of other men who buy our magazine because they love to see beautiful women. Miley turned 18, so she is a legal adult and and officially a woman.”

Playboy feels that the issue will be a smash success. “If Miley wants to pose naked, as an adult, she has the right to do so,” said Piccoli.

Hefner is not surprised that some Americans object to Miley being in the magazine: “I think it’s a reflection on how schizophrenic America is about sexuality.” Many parents have complained recently about Miley’s new videos which seem racy. There’s going to be even more complaints when they see her Playboy photo-spread. Miley has agreed to pose completely naked.

Recently, Miley, has been accused of being too “slutty” – an artistic choice she made for her latest video. Some may think that the Playboy photos may be a step too far for the young star, but she will join a long line of celebrities to appear in the magazine: Denise Richards, Drew Barrymore and Pamela Anderson have previously bared all for the publication.

There’s also concern because Miley is in talks to join the wild indie band, Moses Blue, on the road next summer.

Hugh founded Playboy in 1953, almost 40 years before Miley was born. Insiders say the elderly Hef is losing some of his mental faculties because he’s started wearing suits, and shoes. No more bathrobes and slippers.

WWN can confirm that the rumors about Billy Ray, playing a tuba, appearing in the background of some of Miley’s Playboy photos are completely false, though they may be true.

WWN can also confirm that Billy Ray asked Hef if Playboy would dedicate an entire Playboy issue to him. “I’ve always wanted to appear naked in Playboy. I know it’s for guys, but I’m so damn good-looking, I deserve a spread and everyone deserves to be able to look at me naked!”

The Miley Playboy issue should be on newsstands starting one year after her 19th birthday: it was supposed to come out 11.28.11, but has been postponed by Hef, due to pressure from Miley’s handlers.